Senior Conservatives are set to reject a Liberal Democrat proposal to bring forward the next Budget to mid-February, BBC News has reported. Such a move could squeeze the timetable for consultation on the draft Finance Bill measures expected to be published in December.A relatively short Bill may be presented in the run-up to the general … Continue reading Lib Dems ‘push for early Budget’
Go-Ahead, the bus and rail operator, has become the first FTSE 350 company to be awarded the Fair Tax Mark, an accreditation scheme devised by a team of tax campaigners led by Richard Murphy. The Go-Ahead group employs 23,000 people in the UK and operates the Southern, Southeastern and London Midland franchises. It won the … Continue reading FTSE 350 group wins Fair Tax Mark
Capital gains tax incorporation relief, “rollover relief on transfer of business”, has been around for a long time. In contrast, disincorporation relief was enacted only last year, when the government estimated that around 610,000 companies, about 40% of those in the UK, would be eligible for relief against corporation tax on chargeable gains.In each case, … Continue reading Changing horses: Key features of the incorporation and disincorporation reliefs in TCGA 1992
George Osborne will deliver his autumn statement on Wednesday, 3 December 2014. The autumn statement provides an update on the government's plans for the economy, based on the forecasts provided by the Office for Budget Responsibility. Read more at AccountingWEB.
HMRC has dismissed claims that letters sent to child benefit recipients inviting them to consider whether they should pay the high income child benefit charge (HICBC) are “causing trouble”. A spokesman said the letters can be “simply disregarded” where the charge has been paid, but the ICAEW Tax Faculty has claimed that the letters are … Continue reading HMRC unmoved by child benefit charge complaints
Campaign group complains of “state-credited debt that many families can never pay off”, but HMRC says legislation prevents claimants being put into hardship. Read more at AccountingWEB.
The Scottish Parliament has passed a Bill establishing a new tax authority and introducing a “wide-ranging” general anti-avoidance rule. Read more at AccountingWEB.